Northern Trust Corp Increases Stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Northern Trust Corp raised its position in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) by 643.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,893 shares of the transportation company’s stock after purchasing an additional 25,872 shares during the period. Northern Trust Corp owned 0.07% of Grupo Aeroportuario del Centro Norte worth $2,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after acquiring an additional 394 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after acquiring an additional 279 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $48,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after acquiring an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $116,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on OMAB. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday. Jefferies Financial Group raised their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Bank of America raised Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Down 2.2%

Shares of NASDAQ:OMAB opened at $97.97 on Monday. The business has a 50-day moving average price of $86.39 and a 200 day moving average price of $77.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 17.28 and a beta of 0.90. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 12-month low of $59.08 and a 12-month high of $102.74.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. Sell-side analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a dividend of $2.1363 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 42.75%.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.